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Posted Date : 01-Apr-2015 , 08:06:30 am | Posted By CASANSAAR
RBI has penalised 16 central co-operative banks with a fine of 5 lakh rupees each for non-adherence of the Know Your Customer and Anti-Money Laundering guidelines. These include Dumka Central Co-op. Bank Ltd (Jharkhand), Cuttack Central Co-op. Bank Ltd (Odisha) and Ajmer Central Co-op. Bank Ltd (Raj...
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Posted Date : 31-Mar-2015 , 09:02:40 pm | Posted By CASANSAAR
With the curtains coming down on the current fiscal, the Income Tax department on Tuesday for the first time issued newspaper notices on 18 tax defaulters -- 11 of them Gujarat-based -- who collectively owe over Rs.500 crore to the exchequer. The defaulters' names were put up on t...
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Posted Date : 31-Mar-2015 , 08:43:59 pm | Posted By CASANSAAR
It was decided by the Government of India that interest rates on Small savings Schemes will be linked to yields on government securities of comparable maturity. In pursuance of that decision, the Government has decided to revise the rates applicable on various small savings schemes as given in the t...
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Posted Date : 31-Mar-2015 , 08:14:58 am | Posted By CASANSAAR
Accounts of major political parties must be audited by the Comptroller and Auditor General (CAG) himself and with the same stringent parameters with which he audits government accounts to curb the use of black money during election campaigns, the high court was urged on Thursday. When the public ...
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Posted Date : 31-Mar-2015 , 08:08:07 am | Posted By CASANSAAR
A 27-year-old Chartered Accountant (CA) who was married earlier this month was found dead under suspicious circumstances in her room at a working women's hostel at Somajiguda on Monday. The victim, Anusha, was a native of Janupally village near Amalapuram in East Godavari district of An...
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Posted Date : 31-Mar-2015 , 08:02:18 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI has suggested that the proposed cess of two per cent for clean India initiative should be calculated on the payable service tax instead of taxable services' value. Calculating Swachh Bharat cess on the value taxable services ...
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Posted Date : 31-Mar-2015 , 07:51:53 am | Posted By CASANSAAR
Despite a SEBI deadline to appoint women directors coming to end in just two days, nearly 400 listed companies are yet to comply with the guideline. Listed companies are required to have at least one woman director before April 1 and recently, Sebi also indicated that there would not be any further ...
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Posted Date : 31-Mar-2015 , 07:37:49 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday allowed banks to divert a greater share of a mandatory contingency fund to provide for bad loans, a move that will improve lenders’ profitability and bolster their balance sheets. RBI’s announcement sent banking stocks up 1-3%. Under th...
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Posted Date : 30-Mar-2015 , 08:44:39 pm | Posted By CASANSAAR
News about Bank Branch Audit-Allotment of Branches. RBI has released the list for Bank branch audit & email received from following banks :- (PNB, SBBJ, SBOP, Allahabad Bank, BOM, SBM, SBT, Bank of India, Andhra Bank, Dena Bank, SBI, BOI, Syndicate Bank, Canara Bank, UBI, BOB, CBI, Vijaya ...
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Posted Date : 30-Mar-2015 , 08:03:21 am | Posted By CASANSAAR
The government will unveil the new Foreign Trade Policy on first on next month. The policy is aimed at giving fillip to exports with an objective to drive economic growth and create more employment opportunities. Commerce and Industry Minister Nirmala Sitharaman in a tweet said, Foreign Trade Pol...
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Posted Date : 29-Mar-2015 , 06:46:56 pm | Posted By CASANSAAR
Worried over the shortfall in the overall direct tax collection kitty, the government has asked banks, both public and private, to not delay remitting of TDS funds of the current month into state coffers and do the same within the current financial year ending in March. The Income ...
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Posted Date : 29-Mar-2015 , 09:12:50 am | Posted By CASANSAAR
In a move to reduce risks in the banking sector and curb the rising bad loans, the Reserve Bank of India (RBI) has proposed to reduce the exposure of a bank to a business group to 25 per cent of its capital, down from the existing level of 55 per cent. The RBI proposal has come at time when man...
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Posted Date : 28-Mar-2015 , 08:19:01 am | Posted By CASANSAAR
With a view to providing greater convenience to taxpayers, it has been decided that all designated branches of agency banks and Reserve Bank of India (RBI) offices conducting government business will keep their counters open for full day on March 30. Besides, these branches would have extended ...
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Posted Date : 28-Mar-2015 , 08:14:19 am | Posted By CASANSAAR
CIMA (The Chartered Institute of Management Accountants) and ICAI (The Institute of Cost Accountants of India) have signed a historic MoU to allow proven ICAI members to fast-track in qualifying for the globally recognized and prestigious Chartered Global Management Accountant (CGMA) title, which re...
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Posted Date : 28-Mar-2015 , 08:09:25 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Friday made revisions to the norms for non-banking finance companies (NBFCs). These now say that if there is a downgrading of credit rating, below the minimum specified investment grade, an NBFC should immediately stop accepting public deposits. The earlier r...
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Posted Date : 28-Mar-2015 , 08:06:29 am | Posted By CASANSAAR
Moving a step closer to having a Dubai and Singapore-likeinternational financial services centres (IFSCs), India’s capital markets regulator Sebi on Friday issued broad guidelines for IFSCs – the first of which is to come up in Gujarat as Gujarat Intern...
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Posted Date : 27-Mar-2015 , 08:12:21 am | Posted By CASANSAAR
Taxpayers will soon get relief from sending a paper acknowledgement of their e-filed return as Income Tax department is set to introduce a new customer verification system for the task by sending One Time Passwords, validating net banking identity and enrolling Aadhaar number in the returns form. ...
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Posted Date : 26-Mar-2015 , 05:23:37 pm | Posted By CASANSAAR
The Revenue Department has made public the names of 18 tax defaulters who collectively owe over Rs 500 crore to the exchequer. Out of the 18 defaulters, 11 are Gujarat-based, including Somani Cement with tax arrears of Rs 27.47 crore; Blue Information Technology (Rs 75.11 cr); Appletech Solutio...
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Posted Date : 26-Mar-2015 , 05:13:59 pm | Posted By CASANSAAR
The RBI has instructed all banks, who deal with government business, to keep designated branches open on March 30 and 31. In a notification issued yesterday, the apex bank asked that all such banks shall keep the counters of their designated branches open for full day on March 30 and 31st. ...
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Posted Date : 26-Mar-2015 , 03:04:04 pm | Posted By CASANSAAR
The Madras High Court today ordered issue of notices to the Union Ministry of Corporate Affairs and the Institute of Chartered Accountants of India (ICAI), on a plea by a Chartered Accountant against the activities of ICAI. Justice T S Sivagnanam on a...
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Posted Date : 26-Mar-2015 , 08:04:32 am | Posted By CASANSAAR
It is the time of the financial sector regulators to come under the scanner of the services tax department. The service tax department has sent notice to Securities and Exchange Board of India (Sebi) for tax dues on income generated through its services. Sources said the total&nb...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 519
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Posted Date : 25-Mar-2015 , 08:07:31 pm | Posted By CASANSAAR
Bank Audit Latest update : Mail still not received by banks from RBI but as per RBI officials it will be shortly released. (RBI are in consolidation process because some members had send multiple consents, as per news available.) Members are waiting for the mails but no body knows the exe...
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Posted Date : 25-Mar-2015 , 06:02:36 pm | Posted By CASANSAAR
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 17.02.2015 Following 10 (ten) proposals have been approved by the Government: Sl. No. Item ...
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Posted Date : 25-Mar-2015 , 05:41:38 pm | Posted By CASANSAAR
Bullion market remained closed in the national capitaltoday as traders refrained from doing business to protest the Budgetary proposal that would make it mandatory to quote PAN for purchases of above Rs 1 lakh. “Making it mandatory to...
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Posted Date : 25-Mar-2015 , 10:04:00 am | Posted By CASANSAAR
Bank Branch Audit - Allocation of Branches Update: Banks will start sending letters to members for allotment of branches by today. Banks had been asked for clearance of CSA List. If Banks provide it then from today itself or it may be further delayed. Meeting of Central ...
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Posted Date : 25-Mar-2015 , 08:48:42 am | Posted By CASANSAAR
In a move that could significantly alter the road map of corporate compliance, audit and consulting, three professional bodies (ICAI, ICSI,)are preparing a regulatory framework to allow a single entity to provide all such services to a company as early as this year. The Institute of Charter...
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Posted Date : 24-Mar-2015 , 09:26:09 pm | Posted By CASANSAAR
The Income Tax department has issued over 20 lakh “intimations” and collected Rs. 3,569 crore in the current financial year from those taxpayers who had either not filed their tax returns or did so incorrectly. Under its ‘non-filers tracking management system’,...
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Posted Date : 24-Mar-2015 , 09:20:23 pm | Posted By CASANSAAR
Taxpayers in India will soon get relief from sending a paper acknowledgement of their e-filed ITR as Income Tax department is set to introduce a new customer verification system for the task by sending One Time Passwords, validating net banking identity and enrolling Aadhaar number in the returns fo...
Continue Reading... Category : ITR | Comments : 0 | Hits : 949
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Posted Date : 24-Mar-2015 , 11:11:42 am | Posted By CASANSAAR
The Supreme Court on Tuesday upheld free speech online as it struck down the "vague" section 66A of the Information Technology Act, 2000, according to TV reports. The petitioners had described Section 66A as vague and ambiguous and beyond the ambit of article 19 of the Constitution gu...
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Posted Date : 24-Mar-2015 , 08:12:59 am | Posted By CASANSAAR
If you are yet to file income-tax return for the previous financial year (FY14/assessment year 2014-15), you still have a chance to do so by March 31. However, if you miss this deadline as well, the tax authorities could impose a fine of R5,000 ...
Continue Reading... Category : ITR | Comments : 0 | Hits : 963
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- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
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- NCLT orders insolvency proceedings against Subhash Chandra
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- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
Professional News For CA,CS,CMA.Fresh Accounting News Articles On Income Tax,Service Tax,Sales Tax, Vat,Company Law,RBI,CAG,Custom,Excise On CASANSAAR
